Profit loss account

Mar ' 11 Mar ' 10

Mar ' 09

(Rs. Crore)
Mar ' 08 Mar ' 07

16,451.80 11,813.25

8,700.17

8,827.15

9,420.24

11,882.51

8,139.51

6,526.59

6,692.19

6,970.40

Manufacturing expenses
148.38
Personnel expenses
494.33
Selling expenses
403.93
Adminstrative expenses
286.8
Expenses capitalized
-16.66
Cost of sales
13,199.29
Operating profit
3,252.51
Other recurring income
408.16
Adjusted PBDIT
3,660.67
Financial expenses
1.69
Depreciation
122.84
EBIT
3,537.83
Other write offs
Adjusted PBT
3,536.14
Tax charges
1,011.02
Adjusted PAT
2,525.12
Non recurring items
767.84

127.89
411.76
381.59
264.88
-15.67
9,309.96
2,503.29
151.12
2,654.41
5.98
136.45
2,517.96
2,511.98
710.12
1,801.86
-128.62

117.97
366.67
345.48
263.49
-14.42
7,605.78
1,094.39
163.9
1,258.29
21.01
129.79
1,128.50
1,107.49
301.61
805.88
-170.1

122.92
350.09
351.7
248.08
-23.04
7,741.94
1,085.21
250.4
1,335.61
5.16
173.96
1,161.65
1.12
1,155.37
378.78
776.59
-80.13

153.87
310.07
419.6
268.93
-32.05
8,090.82
1,329.42
357.93
1,687.35
5.34
190.26
1,497.09
0.39
1,491.36
490.09
1,001.27
209.23

Other non cash

adjustments
Reported net profit

46.77
3,339.73

26.87
1,700.11

18.72
654.5

59.32
755.78

26.6
1,237.10

Earnigs before
appropriation
Equity dividend
Preference dividend
Dividend tax
Retained earnings

4,194.72
1,157.47
187.77
2,849.48

1,700.11
578.73
96.12
1,025.26

654.5
318.3
54.1
282.1

755.78
289.37
49.18
417.23

1,237.10
404.73
68.78
763.59

119.66
0.4
0.39

127.12
1.24
0.36

54.34
0.04
-0.01

64.35
-0.22
-0.06

141.19

Income
Operating income
Expenses
Material consumed

EPS

Balance sheet
Sources of funds
Owner's fund
Equity share capital
Share application money
Preference share capital
Reserves & surplus
Loan funds
Secured loans
Unsecured loans
Total
Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Less : accumulated depreciation
Net block
Capital work-in-progress
Investments
Net current assets
Current assets, loans & advances
Less : current liabilities & provisions
Total net current assets
Miscellaneous expenses not written
Total
Notes:
Book value of unquoted investments
Market value of quoted investments
Contingent liabilities
Number of equity sharesoutstanding (Lacs)

1. Components of Capital Structure:

Mar ' 11

Mar ' 10

Mar ' 09

289.37
4,620.85

144.68
2,783.66

144.68
1,725.01

23.53
301.62
5,235.37

12.98
1,325.60
4,266.92

1,570.00
3,439.69

3,395.16
1,912.45
1,482.71
149.34
4,795.20

3,379.25
1,899.66
1,479.59
120.84
4,021.52

3,350.20
1,807.91
1,542.29
106.48
1,808.52

5,358.19
6,550.07
-1,191.88
5,235.37

3,111.75
4,466.78
-1,355.03
4,266.92

2,401.45
2,602.35
-200.9
183.3
3,439.69

1,658.50
3,110.73
959.66
2893.67

2,573.36
1,484.81
818.25
1446.84

765.42
1,083.15
924.96
1446.84

Equity Capital and loan funds (debt).

2. Debt Equity ratio =

Debt/Equity Ratio

Mar ' 11
0.07

Mar ' 10
0.46

3. Debt Service Coverage Ratio =

PBIT/Interest + Principal Payment

4. Interest Coverage

PBIT/Interest

Mar ' 09
0.84

Mar ' 11
2093.39

Mar ' 10
421.06

Mar ' 09
53.71

EBITDA/Interest
Mar ' 11
2166.08

Mar ' 10
443.88

Mar ' 09
59.89

Debt/Capital Employed
Mar ' 11 Mar ' 10
6.21%
31.37%
93.79%
68.63%

Mar ' 09
45.64%
54.36%

4. Interest Coverage
5. Cash Interest

6. Debt to Capital =
Debt
Equity

7. Fixed Asset to Equity Capital Ratio

Fixed Asset to Equity Capital Ratio
8. Financial Leverage
Financial Leverage
% change in EPS
% Change in EBIT

9. Current Ratio
9. Current Ratio
Equity
Debt

Fixed Assests/ Equity Capital + Reserves

Mar ' 11 Mar ' 10 Mar ' 09
0.30
0.51
0.82
% change in EPS/% change in EBIT
Mar ' 11 Mar ' 10 Mar ' 09
-0.15
1.21
2.69
-0.06
1.34
-0.16
0.38
1.11
-0.06

Total current assets/ total current liability

Mar ' 11 Mar ' 10 Mar ' 09
0.82
0.70
0.92
Mar ' 11 Mar ' 10 Mar ' 09
4,910.22
2,928.34
1,869.69
325.15
1338.58
1570

Rf
Beta
Rm

8.27% 10 year G sec

0.71
10.93% 5 year CAGR of market (NIFTY )

Ke

10.16%

I
I%

1.69 Total int

0.36%
WACC
9.55%

(Rs. Crore)
Mar ' 08
Mar ' 07

144.68
1,442.91

101.18
5,433.14

6.95
1,327.39
2,921.93

22.46
1,602.97
7,159.75

2,994.68
1,726.07
1,268.61
34.74
1,857.14

3,178.54
1,904.94
1,273.60
107.62
6,447.53

1,780.67
2,019.23
-238.56
2,921.93

3,848.25
4,517.25
-669
7,159.75

627.6
1,256.57
1,129.29
1446.84

294.07
8,330.50
811.66
1011.84

Mar ' 08
0.84

Mar ' 07
0.29

funds (debt).

8,000.00
7,000.00
6,000.00
5,000.00
4,000.00

Debt
Equi

8,000.00
7,000.00
6,000.00

Mar ' 08
225.13

Mar ' 07
280.35

Debt
Equi

5,000.00
4,000.00
3,000.00

Mar ' 08
258.84

2,000.00

Mar ' 07
315.98

1,000.00
0.00
Mar ' 11

Mar ' 08
45.67%
54.33%

Mar ' 10

Mar ' 07
22.70%
77.30%

Mar ' 09

Mar ' 08

Mar ' 07

100%

Mar ' 08
0.80

Mar ' 07
0.23

90%
80%
70%
60%

Equity
Debt

50%

Mar ' 08
2.61
-0.54
-0.21

40%
30%
20%
10%
0%
Mar ' 11

Mar ' 08
0.88
Mar ' 08
1,587.59
1334.34

Mar ' 07
0.85
Mar ' 07
5,534.32
1625.43

0 year G sec

year CAGR of market (NIFTY )

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Debt
Equity

Debt
Equity

' 10

Mar ' 09

Mar ' 08

Mar ' 07

Equity
Debt

Mar ' 08

Mar ' 07